TLTD vs. EWC ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to iShares MSCI Canada Index Fund (EWC)

TLTD

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

TLTD Description

The investment seeks investment results that correspond generally to the price and yield performance of the MorningstarÂ® Developed Markets ex-US Factor Tilt IndexSM. The fund generally will invest under normal circumstances at least 80% of total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index reflects the performance of a selection of equity securities designed to provide broad exposure to the global developed equities markets, excluding the U.S., with increased exposure to small-capitalization stocks and value stocks.

Grade (RS Rating)

Last Trade

$70.40

Average Daily Volume

17,045

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EWC

iShares MSCI Canada Index Fund

EWC Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Canada Index. The fund will at all times invest at least 90% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The underlying index consists of stocks traded primarily on the Toronto Stock Exchange. Components primarily include energy, financial and materials companies.

Grade (RS Rating)

Last Trade

$37.34

Average Daily Volume

1,952,423

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	EWC
30 Days	-0.73%	-1.84%
60 Days	1.31%	0.62%
90 Days	4.61%	2.61%
12 Months	11.56%	10.99%

3 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in EWC	Overlap
CNI	D	0.2%	3.6%	0.2%
DOOO	C	0.14%	0.13%	0.13%
GOLD	B	0.09%	1.49%	0.09%

TLTD Overweight 45 Positions Relative to EWC

Symbol	Grade	Weight
TM	C	1.11%
NVS	A	0.57%
TD	D	0.44%
MUFG	C	0.36%
UL	A	0.35%
SMFG	C	0.3%
SONY	D	0.29%
SHOP	C	0.24%
HMC	C	0.23%
DEO	F	0.23%
ABBV	D	0.22%
MFG	B	0.2%
STLA	D	0.2%
LYG	A	0.15%
BCS	A	0.13%
E	B	0.13%
WCN	D	0.12%
TRMD	A	0.09%
NMR	D	0.07%
LOGI	C	0.04%
RBA	D	0.04%
OTEX	F	0.04%
CCEP	A	0.04%
ECO	A	0.03%
PRMW	A	0.03%
QGEN	B	0.03%
BBUC	D	0.03%
SMMF	B	0.03%
AGCO	F	0.03%
IAG	A	0.02%
WFG	C	0.02%
TAC	B	0.02%
DNN	A	0.02%
ELBM	F	0.01%
TIGO	A	0.01%
FLNG	B	0.01%
PIXY	F	0.01%
ORLA	B	0.01%
HAFN	B	0.01%
GOGL	A	0.01%
LSPD	D	0.01%
FSM	A	0.01%
AEI	F	0.01%
RENB	F	0.0%
GCBC	A	0.0%

TLTD Underweight 1 Positions Relative to EWC

	Symbol	Grade	Weight
	GIB	F	-1.11%